Daxkapital Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-22 17:46

Abstract：Daxkapital is a Luxembourg registered broker that lacks legal regulatory license. Daxkapital offers five types of market instruments. However, since Daxkapital's website is inaccessible, details concerning its market instruments and trading fees are unavailable.

　　Note: Daxkapital's official website: https://daxkapital.com/ is currently inaccessible normally.

Daxkapital Review Summary
Founded	2024
Registered Country/Region	Luxembourg
Regulation	Not regulated
Market Instruments	forex, commodities, indices, stocks, crypto
Demo Account	❌
Leverage	Not mentioned
Spread	start from 0.1 pips
Trading Platform	Web based trading platform
Min Deposit	Not mentioned
Customer Support	Phone: +49 331 879 05821
	Email: support@daxkapital.com
	Physical Address: 5 Heienhaff, 1736 Sennengerbierg, Luxembourg

　　Daxkapital is a Luxembourg registered broker that lacks legal regulatory license. Daxkapital offers five types of market instruments. However, since Daxkapital's website is inaccessible, details concerning its market instruments and trading fees are unavailable.

Pros and Cons

Pros	Cons
Multiple trading choices	No Legal regulation
	No info on trading fees
	Unavailable website
	Lack of transparency
	No demo accounts
	No reliable trading platform

Is Daxkapital Legit?

　　Daxkapital is not regulated by any legal institution. In addition, Daxkapital has been listed as a scam by the Luxembourg Financial Industry Regulatory Commission (CSSF). You can refer to the warning issued by CSSF in the image provided below. Therefore, you'd better avoid it and choose a legal broker.

What Can I Trade on Daxkapital?

　　Daxkapital claims to offer five types of tradable instruments. However, since its website is currently inaccessible, specific information about these instruments is unavailable. In addition, trading with such an unregulated offshore broker poses high risks, and there is no guarantee of making any profits.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	✔
Mutual Fund	❌
Futures	❌

Fees

　　Daxkapital charges inactive fees, which are relatively high. If there is no trading activity for 6 months, the account will be frozen, and a 10% fee will be charged from the account every month.

Trading Platform

　　Daxkapital claims to provide a proprietary web-based platform with only basic functions. However, using the platform is also relatively difficult, and even some basic indicators are unavailable. Therefore, you are advised to choose brokers that have legal permission to use reputable platforms like MT4/5 or cTrader.

Trading Platform	Supported	Available Devices
MT5	❌	/
MT4	❌	/
cTrader	❌	/
Proprietary platform	✔	Computer

Deposit and Withdrawal

　　DaxKapital claims to support payment via cards, wire transfers, AstroPay, Bitcoin, and Skrill.

　　However, DaxKapital is not only unregulated, but also charges considerable withdrawal fees: $100 for credit/debit cards, $250 for wire transfers, and an additional 10% withdrawal fee for all accounts whose transaction amount does not exceed a certain threshold.